Cambridge engineering firm eyeing growth after scooping prestigious innovation award
Cambridge Precision Engineering is looking to develop an entire unit to build on the success of its market-leading cobot innovation.
Cambridge University EV charging spin-out raises £50m to lead the future of sustainable energy storage
A University of Cambridge electric vehicle (EV) charging spinout has secured £50m in funding to help it build a UK manufacturing plant.
Nyobolt, which spun out of the Yusuf Hamied Department of Chemistry in 2016 and was co-founded by Professor Dame Clare Grey DBE FRS and CEO Dr Sai Shivareddy, said it completed the funding round led by H.C Starck Tungsten Powders (HCS), a subsidiary of Masan High-Tech Materials, one of the world's largest suppliers tungsten (a key part of Nyobolt's technology.
The Cambridge-based battery tech firm will now look to ramp up production and make millions of its "ultra-fast" charging batteries for EVs from next year.
Nyobolt’s technology can "drastically" reduce the charge time for EV batteries from hours to minutes, thus removing one of the biggest barriers to more drivers making the switch to greener vehicles.
The company said it is focused on commercialising high-performance battery and charging technologies to "create a world where lengthy charge times no longer exist."
Figures released by the Department of Transport in May revealed that there are now more than a quarter of a million EVs now travelling on UK roads, Furthermore, sales of plug-in vehicles reached an all-time high, with 327,000 registered last year alone – a 77% rise compared to 2020.
Professor Dame Clare Grey, Chief Scientist and Co-founder of Nyobolt said: “We are excited to move our technologies from development to deployment in the market. We founded Nyobolt following the discovery of new anode technologies containing tungsten with remarkable fast charging capability to bring these properties to the market in applications touching all aspects of daily life.
“The funding from H.C. Starck will help Nyobolt to scale up our operations in the UK and United States and bring a more sustainable solution into the energy storage industry. Nyobolt technology will not only enable net zero both in the electrification of transport, but also the storing of clean and renewable energy on and off the grid. With the investment from H.C. Starck, Nyobolt’s ultra-fast charging, high power batteries will help lead the way towards achieving the clean energy goals set by governments around the world.”
Dr Sai Shivareddy, CEO and Co-founder of Nyobolt added: “Fast charging remains a critical unmet need as the world electrifies with more sustainable forms of energy – a need our technology addresses.
“We are excited about the partnership with H.C. Starck and see it as a stepping stone to increase scale and speed to market revealing the true potential of Nyobolt technologies. The Series B funding will put Nyobolt in the driving seat of a fast-moving battery industry and allow us to showcase the uniqueness of our battery technology, developed by our team of experts, which is set to transform the energy storage industry. With H.C. Starck investment and technologies, Nyobolt will expand its manufacturing capabilities while minimising its carbon footprint with an effective recycle and reuse program.”
Looking for your next technology, science or engineering role? Maybe you’re just starting out in your career? Polytec is here to help you find the perfect position for you. Browse our current vacancies now >>> https://www.polytec.co.uk/jobs/
Image by Mikes-Photography from Pixabay
New Cambridge University research centre will study life in the universe
Are we alone in the Universe? It's a question that most people have pondered at some time. Now, a new research centre has been opened in Cambridge to try to determine the answer.
Cambridge named UK’s top regional tech city
Cambridge has fought off stiff competition to become the UK’s top tech city outside of London, new data reveals.
5 UK recruitment trends for 2022
The unprecedented events of the last two years have had an enormous impact on the workplace. Furlough, remote working and 4-day working weeks have all become commonplace at many firms. In turn, recruitment has had to adapt to keep up. With that in mind, we’ve compiled this list of five UK recruitment trends we can expect to see in 2022.
Cambridge is UKs second biggest tech start-up hotbed outside of London
Cambridge has placed second behind Manchester for tech start-up activity outside of London, a new study has revealed.
Prince Charles opens new £1bn AstraZeneca research centre in Cambridge
His Royal Highness The Prince of Wales has officially opened AstraZeneca's new £1bn research centre in Cambridge.
Cambridge University launches new Design Tripos course aimed at tackling climate change
The University of Cambridge has launched a new undergraduate course, its first new degree for years, which is aimed at tackling some of the world’s biggest challenges, including achieving carbon net zero.
Cambridge electronics firm named Tech Scale-Up of the Year
A Cambridge electronics company that specialises in developing greener semiconductors has been named “Tech Scale-Up of the Year” in the Business Weekly Awards.
The Cambridge company looking to provide UK-wide 5G coverage via hydrogen-powered aircraft
A Cambridge company is looking to provide UK-wide 5G coverage via hydrogen-powered aircraft. If rolled out, the solution could put an end to inconsistent, unreliable internet connectivity in rural and secluded areas.
Surgical robotics business to build new global manufacturing facility in Cambridgeshire
A global surgical robotics business has confirmed it will open a new large-scale manufacturing facility in Cambridgeshire.
Cambridge scientists win 2.2m prize for DNA reading advances
Two Cambridge researchers have been awarded the biggest and most lucrative prize in science for their work on dramatically improving the speed and reducing the cost of reading DNA.
Cambridge-led research project to make the UK a global digital roads technology leader
An exciting research project, led by Cambridge engineers, will explore how innovative technologies can help predict the location of potholes and other maintenance issues across the nation’s road network.